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Justice News

Las Vegas Man Pleads Guilty To Investment Fraud Scheme

LAS VEGAS, Nev. – A Las Vegas man who falsely represented himself to be a successful securities trader and investor pleaded guilty today to stealing monies as part of an investment fraud scheme, announced Acting U.S. Attorney Steven W. Myhre for the District of Nevada.

Sean Christopher Sladek, 40, pleaded guilty to one count of wire fraud. United States District Judge Jennifer A. Dorsey scheduled sentencing for Aug. 14, 2017. At the time of sentencing, Sladek faces a maximum of 20 years in prison.

According to the plea agreement, Sladek admitted that he falsely and with intent to defraud represented himself as a successful securities trader and investor. In fact, he was not a successful securities trader or investor. On or about May 9, 2013, he caused and intended to cause a victim in California to transfer $100,000 to him. He told the victim that the monies would generate positive returns through trading, securities transactions, and/or investment in securities. Sladek did not generate positive returns and had no intent to do so.

Furthermore, Sladek agreed to make restitution in the amount of $1,427,923, for losses caused by his criminal investment fraud scheme, and he agreed to pay a criminal forfeiture money judgment in the amount of $2,638,143.

The case is being investigated by the FBI, and prosecuted by Assistant U.S. Attorney Jared Grimmer.